Citigroup maintains its Brent crude oil price forecast of $70/barrel for the fourth quarter of 2026 and $65/barrel for 2027, as the reopening of the Strait of Hormuz will lead to an oil supply surplus exceeding pre-conflict levels.

2026-09-04

Citigroup maintains its Brent crude oil price forecast of $70/barrel for the fourth quarter of 2026 and $65/barrel for 2027, as the reopening of the Strait of Hormuz will lead to an oil supply surplus exceeding pre-conflict levels.